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3 years ago

In 5-10 sentences, answer the Question; What is a Market Economy?

Business

1 answer:

Ulleksa [173]3 years ago

8 0

Answer:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.Market economies range from minimally regulated free-market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes referred to as a mixed economy.

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Given Ted can wax 4 cars per day or wash 2 cars per day and Tom can wax 3 cars per day or wash 1 car per day. What is each man’s

victus00 [196]

Answer:

OPPORTUNITY cost of Ted=2/4=0.5 car wash

OPPORTUNITY cost of Tom=1/3=0.33 car wash.

OPPORTUNITY cost is amount of other good given to produce more of one good.

Ted has absolute advantage.

Tom has comparative advantage.

Explanation:

See attached picture.

8 0

3 years ago

Emery Corporation Balance Sheet Income StatementAssets:Cash $250,000Sales (all credit) $8,000,000Accounts receivable 450,

san4es73 [151]

Answer: B. 48.48%

Explanation:

Debt ratio = Total Liabilities/ Total Assets

Total liabilities = Accounts payable + Notes payable + Long−term debt

= 100,000 + 450,000 + 1,050,000

= $1,600,000

Total Assets = $3,300,000

Debt ratio = 1,600,000/3,300,000

= 48.48%

4 0

3 years ago

Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar

dimulka [17.4K]

Answer: Remeasurement loss of $‭21,970

Explanation:

The figures will have to be converted from Euros to US$ for the calculation.

The relevant exchange rate will be the rate on the date of the transaction.

Amount Exchange rate $Amount

Opening cash 528,000 1.14 ‭601,920‬

Increase in Cash assets:

Sale of inventory 160,000 1.20 192,000

688,000 793,920‬

Decrease in cash assets:

Acquisition of warehouse 300,000 1.14 (342,000)

Purchase of inventory 100,000 1.18 (118,000)

Transfer to parent 10,000 1.18 (11,800)

Ending net cash assets 278,000 ‭ 322,120‬

Remeasurement gain(loss) at 31 December = Ending net cash assets at current rate - Ending net cash assets

= (278,000 * 1.08) - 322,120

= ‭300,240‬ - 322,120

= ($21,970)

Options are not for this question. 

7 0

3 years ago

Please help Do businesses only aim at maximizing profits

sesenic [268]

Many companies make other goals a priority over profit maximization. Additionally, some aspects of running a business that meets social and environmental obligations take away from the sole focus of profit maximization.

3 0

3 years ago

A ________ is a person, household, or company that over time yields a revenue stream that exceeds by an acceptable amount the co

BaLLatris [955]

Answer:

"B"

Explanation:

A profitable customer is a person , household or company that over time yields a revenue stream that exceeds by an acceptable amount the company's cost stream of attracting , selling and servicing that customer.

They are necessary for the existence of a business into the foreseeable future as profit is key to the survival of all businesses

In identifying a profitable customer ,one needs to

define who is customers are
products bought by them
identify the most profitable products
Services employed by them
Related cost to managing and retaining them

4 0

3 years ago